Along with the growth of stocks and Bitcoin, Gold is moving higher as well.
The support rests at 1873.60 with resistance at 1913.35 which the weekly pivot point at 1884.73 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above EMA of 100 and 200. The Stochastic is moving in high ranges, the RSI is falling towards level 50 and the MACD indicator is in positive territory. The ADX is showing buy signals. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing a horizontal trend and the Kijun-sen is showing a downward trend.
While considering pullbacks on the way, Gold is targeting 1920.
